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    "result": {"data":{"wpPage":{"uri":"/home/trading-investment/futures-and-options/other-frequently-asked-questions/important-updates-on-lot-size-revision-for-index-derivatives-contracts/","title":"Important Updates on Lot Size Revision for Index Derivatives Contracts","content":"\n<p>As per the circular issued by NSE (Circular ref. No: <a href=\"https://nsearchives.nseindia.com/content/circulars/FAOP70616.pdf\">NSE/FAOP/70616</a>, dated October 03, 2026), there has been a revision in the market of derivative contracts on certain indices derivatives.</p>\n\n\n\n<p>The details of the revised lot size are provided in the table below for your reference:</p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Sr. No</strong></td><td><strong>Underlying Index</strong></td><td><strong>Symbol</strong></td><td><strong>Present Market Lot</strong></td><td><strong>Revised Market lot</strong></td></tr><tr><td>1</td><td>Nifty 50</td><td>NIFTY</td><td>75</td><td>65</td></tr><tr><td>2</td><td>Nifty Bank</td><td>BANKNIFTY</td><td>35</td><td>30</td></tr><tr><td>3</td><td>Nifty Financial Services</td><td>FINNIFTY</td><td>65</td><td>60</td></tr><tr><td>4</td><td>Nifty Mid Select</td><td>MIDCPNIFTY</td><td>140</td><td>120</td></tr></tbody></table></figure>\n\n\n\n<p><strong>Applicability for Revised Lot Sizes</strong></p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Index Derivatives</strong></td><td><strong>Expiration Cycle</strong></td><td><strong>Expiry Date</strong></td><td><strong>Particulars</strong></td></tr><tr><td>NIFTY</td><td>Quarterly &amp; Half Yearly</td><td>31-Mar-2026 and Above</td><td>Lot size of all existing quarterly and half yearly expiry contracts will be revised from December 30, 2025 (EOD)</td></tr><tr><td>BANKNIFTY</td><td>Quarterly</td><td>31-Mar-2026 and Above</td><td>Lot size of all existing quarterly expiry&nbsp; contracts will be revised from December 30, 2025 (EOD)</td></tr></tbody></table></figure>\n\n\n\n<p><strong>For more details, please download the NSE annexure </strong><a href=\"https://nsearchives.nseindia.com/content/circulars/FAOP70616.pdf\"><strong>here</strong></a><strong>.&nbsp;</strong></p>\n\n\n\n<p><strong>Note:&nbsp;</strong></p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>This circular has come into effect at the end of day (EOD) on October 28, 2025.</li>\n\n\n\n<li>The day spread order book will not be available for the following combination contracts:\n<ul class=\"wp-block-list\">\n<li>December 2025 – January 2026</li>\n\n\n\n<li>December 2025 – February 2026</li>\n</ul>\n</li>\n</ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Advisory for Clients with Open Positions</strong></h3>\n\n\n\n<p>Please note that clients with open positions in NIFTY and BANKNIFTY expiring on 31 March 2026 and beyond contracts are required to choose one of the following options:</p>\n\n\n\n<p><strong>Option 1: </strong>Adjust your position to align with the <strong>updated market lot size</strong> on or before the specified transition date.</p>\n\n\n\n<p><strong>Option 2:</strong>Square off your existing <strong>odd lot position</strong> before the new lot size is applied.</p>\n\n\n\n<p><strong>Important:&nbsp;</strong></p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If no action is taken, odd lot short positions (positions not in multiples of the valid market lot size) will be squared off by RMS before the specified transition date.</li>\n\n\n\n<li>After the lot size adjustment, you will not be able to square off the odd-lot open quantity.</li>\n</ul>\n\n\n<div class=\"feedback-survey\" data-blocktype=\"custom-block\"><div class=\"heading\"><h3>Feedback Survey</h3></div><div class=\"content\">Yes</div></div>\n\n<div class=\"related-queries\" data-blocktype=\"custom-block\"><div class=\"heading\"><h3>Related Queries</h3></div><div class=\"content\">\n\n<ul class=\"wp-block-list\">\n<li><a href=\"/home/trading-investment/futures-and-options/other-frequently-asked-questions/important-updates-on-lot-size-revision-for-index-derivatives-contracts/what-should-i-do-if-i-hold-existing-contracts/\">What should I do if I hold existing contracts?</a></li>\n\n\n\n<li><a href=\"/home/trading-investment/futures-and-options/other-frequently-asked-questions/important-updates-on-lot-size-revision-for-index-derivatives-contracts/what-happens-if-i-do-not-choose-any-option/\">What happens if I do not choose any option?</a> </li>\n\n\n\n<li><a href=\"/home/trading-investment/futures-and-options/other-frequently-asked-questions/important-updates-on-lot-size-revision-for-index-derivatives-contracts/can-i-modify-my-position-after-the-transition-date/\">Can I modify my position after the transition date?</a></li>\n\n\n\n<li><a href=\"/what-happens-if-i-hold-a-new-position-in-long-dated-contracts-with-the-current-lot-size-before-the-transition-date/\">What happens if I hold a new position in long-dated contracts with the current  lot size before the transition date?</a></li>\n</ul>\n\n</div></div>","seo":{"title":"Important Updates on Lot Size Revision for Index Derivatives Contracts - PhonePe Invest Support","metaDesc":"","canonical":"/home/trading-investment/futures-and-options/other-frequently-asked-questions/important-updates-on-lot-size-revision-for-index-derivatives-contracts/","metaRobotsNoindex":"index","metaRobotsNofollow":"follow","opengraphTitle":"Important Updates on Lot Size Revision for Index Derivatives Contracts - PhonePe Invest Support","opengraphDescription":"As per the circular issued by NSE (Circular ref. No: NSE/FAOP/70616, dated October 03, 2026), there has been a revision in the market of derivative contracts on certain indices derivatives. The details of the revised lot size are provided in the table below for your reference: Sr. No Underlying Index Symbol Present Market Lot Revised… Continue reading Important Updates on Lot Size Revision for Index Derivatives Contracts","opengraphType":"article","twitterTitle":"","twitterDescription":"","schema":{"raw":"{\"@context\":\"https://schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"/home/trading-investment/futures-and-options/other-frequently-asked-questions/important-updates-on-lot-size-revision-for-index-derivatives-contracts/\",\"url\":\"/home/trading-investment/futures-and-options/other-frequently-asked-questions/important-updates-on-lot-size-revision-for-index-derivatives-contracts/\",\"name\":\"Important Updates on Lot Size Revision for Index Derivatives Contracts - PhonePe Invest Support\",\"isPartOf\":{\"@id\":\"/#website\"},\"datePublished\":\"2024-11-22T12:18:03+00:00\",\"dateModified\":\"2026-01-01T06:36:05+00:00\",\"breadcrumb\":{\"@id\":\"/home/trading-investment/futures-and-options/other-frequently-asked-questions/important-updates-on-lot-size-revision-for-index-derivatives-contracts/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"/home/trading-investment/futures-and-options/other-frequently-asked-questions/important-updates-on-lot-size-revision-for-index-derivatives-contracts/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"/home/trading-investment/futures-and-options/other-frequently-asked-questions/important-updates-on-lot-size-revision-for-index-derivatives-contracts/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Home\",\"item\":\"/home/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Trading &amp; Investment\",\"item\":\"/home/trading-investment/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Futures and Options\",\"item\":\"/home/trading-investment/futures-and-options/\"},{\"@type\":\"ListItem\",\"position\":5,\"name\":\"Other Frequently Asked Questions\",\"item\":\"/home/trading-investment/futures-and-options/other-frequently-asked-questions/\"},{\"@type\":\"ListItem\",\"position\":6,\"name\":\"Important Updates on Lot Size Revision for Index Derivatives Contracts\"}]},{\"@type\":\"WebSite\",\"@id\":\"/#website\",\"url\":\"/\",\"name\":\"PhonePe Invest Support\",\"description\":\"Help Center\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}"}},"categoryAndTag":{"categoryAndTag":null},"featuredImage":null,"fields":{"feedbackSurvey":"Yes","relatedQueries":["/home/trading-investment/futures-and-options/other-frequently-asked-questions/important-updates-on-lot-size-revision-for-index-derivatives-contracts/what-should-i-do-if-i-hold-existing-contracts/","/home/trading-investment/futures-and-options/other-frequently-asked-questions/important-updates-on-lot-size-revision-for-index-derivatives-contracts/what-happens-if-i-do-not-choose-any-option/","/home/trading-investment/futures-and-options/other-frequently-asked-questions/important-updates-on-lot-size-revision-for-index-derivatives-contracts/can-i-modify-my-position-after-the-transition-date/","/what-happens-if-i-hold-a-new-position-in-long-dated-contracts-with-the-current-lot-size-before-the-transition-date/"],"ctaDetails":null,"isContactSupportVisible":false}}},"pageContext":{"id":"cG9zdDozOTMyMQ=="}},
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